[thomasDE]

Well, okay, it "represents" a block size increase, so that you can put ~70% more transactions into a block. In reality, it is not a block size increase as the block size will stay at 1MB.

But I don't think that this is enough long term. I would much prefer an increase to 4MB or even 8MB.

[joth]

Long term 4MB or 8MB (or even 32GB) won't be enough. SegWit enables more sophisticated scaling solutions necessary if Bitcoin wants to become anything more than money for a selected few enthusiast.